DT earned €259m in the quarter, down 87%, but its adjusted net profit rose 7% to €1.1bn. Sales rose 1.5% to €15.7bn, with domestic sales down 7% to €7.6bn and international sales up 14% to €8bn. The results beat analyst expectations, and execution of its cost-saving program is on track. DT reiterated its target to cut €2bn for the year. EBITDA slightly rose to €5.1bn.
DT expects moderate growth in revenues and an EBITDA of €19bn for the year, but raised by 8% its expectation for free cash flow to about €6.5bn